Overview
What is Greater Washington Community Foundation?
The Greater Washington Community Foundation, located in Washington D.C., is a nonprofit organization dedicated to facilitating charitable giving. They provide administrative services for over 700 funds, enabling individuals, corporations, foundations, and groups to fulfill their philanthropic intentions through various fund types, including donor advised, field of interest, designated, and others. The foundation's role includes gift receipt and acknowledgment, investment of fund assets, processing, and grant disbursement according to individual fund terms. The Greater Washington Community Foundation aims to strengthen the Washington metropolitan region by encouraging and supporting effective charitable giving and providing leadership on critical community issues. With a team of 38 employees, they serve as a bridge between donors and the nonprofit sector, fostering meaningful impact in the region.
Official website here: www.thecommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Greater Washington Community Foundation has achieved a perfect score of 100%, which translates to a prestigious Four-Star out of Four Star rating. This high score reflects exceptional performance across various criteria, particularly in Accountability & Finance, Culture & Community, and Leadership & Adaptability. The organization demonstrates a strong program expense ratio and a very efficient fundraising approach, showcasing prudent financial management.
Strengths of the foundation include an entirely independent board of members, comprehensive policies on conflict of interest and whistleblower protections, and a commitment to transparency through the posting of financial documents on its website. Their dedication to feedback collection and usage, as well as equity strategies, underscores their engagement with the community and their responsiveness to stakeholder needs.
While the data highlights numerous strengths, it is essential to recognize that the high marks across all evaluation criteria suggest a well-rounded and effectively managed organization. No significant limitations were noted in the feedback, indicating a robust operational framework that supports their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Washington Community Foundation legitimate?
Greater Washington Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Washington Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,223,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,150,040
For more financial information, click here
Official website here: www.thecommunityfoundation.org
What is the mission statement of Greater Washington Community Foundation?
The Greater Washington Community Foundation works to enhance the Washington metropolitan region by fostering charitable giving and assuming a leadership role on crucial community issues. It facilitates the philanthropic intentions of individuals, corporations, foundations, and groups by managing donor-advised, field-of-interest, designated, or other fund types. The foundation's administrative duties include receiving and acknowledging gifts, investing fund assets, processing grants, and distributing funds to nonprofit organizations in accordance with each individual fund's terms. Currently, the Greater Washington Community Foundation manages over 700 funds.
Official website here: www.thecommunityfoundation.org
Who is the CEO of Greater Washington Community Foundation?
Tonia Wellons is the President & Ceo of Greater Washington Community Foundation. The CEO's salary of Greater Washington Community Foundation is $327,873 and their total compensation is $352,037.
Official website here: www.thecommunityfoundation.org
What is the revenue of Greater Washington Community Foundation?
Greater Washington Community Foundation's revenue in 2022 was $244,699,070.
Official website here: www.thecommunityfoundation.org
Who are the executives of Greater Washington Community Foundation and what are their salaries?
The average compensation at Greater Washington Community Foundation during 2022 was $88,765. There are 38 employees and 19 volunteers at Greater Washington Community Foundation.
Here are 30 key members and their salaries (Greater Washington Community Foundation's CEO's salary is $327,873 and their total compensation is $352,037):
- Compensation: $327,873
- Related: $0
- Other: $24,164
- Compensation: $171,538
- Related: $0
- Other: $13,934
- Compensation: $159,079
- Related: $0
- Other: $24,229
- Compensation: $162,833
- Related: $0
- Other: $16,799
- Compensation: $161,538
- Related: $0
- Other: $15,681
- Compensation: $161,550
- Related: $0
- Other: $7,772
- Compensation: $138,450
- Related: $0
- Other: $10,596
- Compensation: $129,231
- Related: $0
- Other: $12,303
- Compensation: $124,591
- Related: $0
- Other: $12,389
- Compensation: $0
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Official website here: www.thecommunityfoundation.org
Where can I find the form 990 for Greater Washington Community Foundation?
Greater Washington Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecommunityfoundation.org
Learn more at the official website: www.thecommunityfoundation.org
Mission Statement of Greater Washington Community Foundation
The Greater Washington Community Foundation, a prominent organization in the charitable sector, is dedicated to strengthening the Washington metropolitan region. By encouraging and supporting effective giving, this foundation serves as a crucial catalyst for positive change in the community.
In practice, the Greater Washington Community Foundation administers various charitable giving vehicles, accommodating the philanthropic intentions of individuals, corporations, foundations, and groups. Through donor-advised, field of interest, designated, or other fund types, the foundation facilitates grant processing and disbursement to eligible nonprofit entities, all in accordance with each fund's unique terms. Currently, the Greater Washington Community Foundation manages over 700 funds, demonstrating its extensive impact on the region's charitable landscape.
Beyond its administrative role, the foundation provides leadership on critical community issues, fostering collaborations and partnerships that drive meaningful progress. The Greater Washington Community Foundation's mission is twofold: to encourage and support effective giving, and to serve as a leading voice on pressing community concerns. Through its unwavering commitment to these principles, the foundation plays an integral role in shaping a vibrant, thriving metropolitan region.
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Impact
October, 2024
Greater Washington Community Foundation plays a vital role in enhancing the Washington metropolitan region through strategic philanthropy. By facilitating effective charitable giving, it strengthens community impact and supports various initiatives that address critical local issues.
The foundation administers over 700 charitable giving vehicles, including donor-advised funds and field of interest funds, which empower individuals, corporations, and groups to express their philanthropic intent. Through comprehensive administrative services, it ensures the efficient management of gifts, investment of fund assets, and the processing and distribution of grants according to the specific wishes of the fund holders.
In addition to administering funds, Greater Washington Community Foundation provides leadership on pressing community challenges, fostering collaboration and innovation among stakeholders. Its commitment to encouraging impactful giving not only enhances philanthropic efforts but also contributes significantly to the overall well-being and resilience of the region.
This information is meant to be a general summary of Greater Washington Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $39,891,305
- Gross Receipts: $470,274,354
Assets and Liabilities:
- Total Assets: $525,338,994
- Total Liabilities: $22,600,040
- Net Assets: $502,738,954
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Organization Details
Founding Year
1973
Phone
(202) 955-5890Principal Officer
Tonia Wellons
Main Address
1325 G STREET NW Suite 480, WASHINGTON, DC, 20005
NTEE Category
Code: T310 - Philanthropy
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